OPEC+ Weighs Emergency Response as Oil Slumps on Virus Panic

(Bloomberg) — OPEC and its allies considered how to respond to a plunge in oil prices, with Russia signaling for the first time it was open to Saudi Arabia’s push for an emergency meeting.Potential dates being discussed are Feb. 8-9 and Feb. 14-15, though for now the next regular meeting on March 5-6 remains on the schedule, a delegate said.For days, the kingdom has been pressing to bring forward a meeting of the coalition, as the threat to demand from Asia’s coronavirus pushes prices to a six-month low. Russia has been rebuffing the requests and even on Friday said more …read more

Source:: Yahoo Finance

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